Threshold
Crypto Overview
Overview
Threshold is a merger between two previous projects, NuCypher and Keep Network, which occurred in January 2022. The project focuses on providing decentralized threshold cryptography services and privacy-preserving infrastructure for the Ethereum ecosystem.
Purpose and Utility
Threshold's primary utility comes from three main services: tBTC (a decentralized bridge for Bitcoin to Ethereum), PRE (Proxy Re-Encryption for secure data sharing), and TACO (Threshold Access Control). The T token is used for staking to secure these services and for governance of the protocol.
Business Model Analysis
The business model revolves around providing infrastructure services for blockchain privacy and interoperability. Node operators stake T tokens to participate in the network and earn rewards for providing services. This model aligns with halal principles as it provides clear utility and involves actual work and value creation.
Development and Adoption
The project maintains active development, with regular updates to its core services, particularly tBTC v2. The GitHub repositories show consistent activity, and the team regularly provides technical updates. The project has partnerships with notable blockchain projects and continues to expand its infrastructure services.
Token Distribution
The token distribution resulted from a merger of two previous projects, with tokens distributed to previous token holders of both networks. The vesting schedules and token release mechanisms were designed to prevent sudden selling pressure and align long-term incentives.
Crypto Impact
To assign a comfort level investing in Threshold from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Threshold.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.